GBP/USD poised for six-month weekly rise – Crypto News – Crypto News
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GBP/USD recovered after hitting the lowest since March 2020 GBP/USD recovered after hitting the lowest since March 2020

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GBP/USD poised for six-month weekly rise – Crypto News

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GBP/USD trades with solid gains on Friday, set to finish its weekly rise in six months after UK economic data supported additional Bank of England (BoE) tightening. The US Federal Reserve (Fed) keeping rates unchanged was a headwind for the US Dollar (USD). Hence, the GBP/USD is trading at 1.2833, up 0.40%, after hitting a low of 1.2768. Read More…

The GBP/USD pair has printed a fresh annual high at 1.2830 in the early American session. The Cable has shown resilience as the Bank of England (BoE) is expected to raise interest rates further to sharpen its quantitative tools in the battle against United Kingdom’s stubborn inflation. Read More…

Extra gains could see GBP/USD revisiting the 1.2900 region in the next few weeks, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…

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